Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when

that the intention of major TradFi firms stand in direct contrast to the ethos of Bitcoin as a decentralized monetary network

Zhao also brushed off concerns that Blackrock could eat up Binance’s market share in future, describing the overlap between their respective customer bases as “minimal.” “Anyone who's coming into crypto that’s not in crypto today will bring additional people into crypto. Will they compete for any of the existing users with us? Yes, probably a little bit. But to be honest, look at our user base. The overlap is minimal.”

Zhao explained that increased institutional interest as well Bitcoin’s upcoming halving are the two primary reasons why Binance wants to be “prepared for higher [trading] volumes” over the next eighteen months.

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